Cristo Rey Corporate Internship Program Inc
- Assets
- $25.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 118
- Location
- Baltimore, MD
- Founding
- 03/1946
- Data as of
- 06/2018
- EIN
- 20-5300491
Organization Overview
Cristo Rey Corporate Internship Program Inc is located in Baltimore, MD. The organization was established in 1946. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 06/2018, Cristo Rey Corporate Internship Program Inc employed 118 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cristo Rey Corporate Internship Program Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2018, Cristo Rey Corporate Internship Program Inc generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2018. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
THE CRISTO REY CORPORATE INTERNSHIP PROGRAM PROVIDES STUDENTS OF CRISTO REY JESUIT HIGH SCHOOL WITH THE OPPORTUNITY TO LEARN AND GROW THROUGH ENTRY-LEVEL JOBS AT BUSINESS AND NON-PROFITS THROUGHOUT THE BALTIMORE AREA. THROUGH CIP, STUDENTS ARE ABLE TO CONTRIBUTE TO THE COST OF THEIR EDUCATION BY WORKING 5 FULL DAYS EACH MONTH. MORE THAN 85 COMPANIES PARTICIPATE IN THE CIP PROGRAM, AND CIP SPONSORS INCLUDE PRESTIGIOUS LAW FIRMS, HOSPITALS, FINANCIAL INSTITUTIONS, UNIVERSITIES, LOCAL MUSEUMS, AND OTHER ORGANIZATIONS. BECAUSE OF CIP, STUDENTS LEARN ABOUT THE WORLD OF WORK, THEY BUILD CONFIDENCE OUTSIDE OF A CLASSROOM, AND THEY LEARN TO ENVISION THEIR OWN PROFESSIONAL FUTURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE APPROXIMATELY 340 STUDENTS OF CRISTO REY JESUIT HIGH SCHOOL WITH THE OPPORTUNITY TO LEARN AND GROW THROUGH ENTRY-LEVEL JOBS AT APPROXIMATELY 129 BUSINESSES AND NON-PROFITS THROUGHOUT THE BALTIMORE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank K Turner Jr Chair | OfficerTrustee | 1 | $0 |
Robert T Cawley Vice Chair | OfficerTrustee | 1 | $0 |
Dr William Heiser Trustee/president | OfficerTrustee | 20 | $0 |
Janet Shock Dir. Of Corp Intern (thru 7/17) | Officer | 40 | $0 |
John Busse Dir. Of Corp Intern (beg 8/17) | Officer | 40 | $0 |
Leigh Profit Director Of Finance | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $283,119 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,910,917 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $605 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,700,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,433 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $5,290,853 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,295,763 |
| Total assets | $25,669,549 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $176,833 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $176,833 |
| Net assets without donor restrictions | $25,492,716 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $25,492,716 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Cristo Rey Corporate Internship Program Inc has recieved totaling $95,125.
| Awarding Organization | Amount |
|---|---|
Sherman Family Foundation Miami Beach, FL PURPOSE: GENERAL OPERATIONS | $75,000 |
At&t Foundation Dallas, TX PURPOSE: EDUCATION | $20,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $125 |
Endowment Analysis
| Beg. Balance | $7,147,121 |
| Earnings | $571,391 |
| Net Contributions | $552,308 |
| Other Expense | $218,295 |
| Ending Balance | $8,052,525 |